Ulta Beauty raises full-year outlook after a strong earnings beat
-4.18% to $517.50 from $540.10
What moved ULTA
- Ulta reported second-quarter net sales up 8.9% to $3 billion, with comparable-store sales rising 3.8% versus an analyst forecast of 2.3% growth.
- Management raised full-year earnings guidance to $28.70-$29.00 per share, up from a prior forecast of $28.36-$28.80, with revenue growth guided to 6.7%-7.2%.
- Despite the beat and raised outlook, shares traded down about 1.5% as investors weighed the results against elevated expectations.
- The company kicked off its “21 Days of Beauty” promotional event the same day, running through mid-September.
Sources: ts2.tech · ABC News